Coinllectibles ™ ️ Reaches US $ 30 Million Investment Agreement, Achieves Operational Milestones
SINGAPORE, January 12, 2022 / PRNewswire / – Cosmos Group Holdings, Inc. (OTC: COSG) is pleased to announce the public filing of an investment agreement signed with an investor for the purchase of up to US $ 30 million shares of Cosmos Group Holdings, Inc (OTC: COSG). This investment in Coinllectibles ™ ️ will be used to fund a number of areas of strategic importance, including the company’s technological ability to scale up business operations in 2022 and beyond.
In 2021, Coinllectibles ™ ️ achieved a number of milestones around the Fusion NFT ™ ️ denoting authentication and ownership of physical works of art. In the second half of the year, Coinllectibles ™ ️ had several successful launches of ceramic coins and NFT minted with world famous artists. The company also opened a gallery in Hong Kong, made two acquisitions and launched its MetaMall site.
Commenting on the progress made to date, Toby O’Connor, CEO of Coinllectibles ™ ️ said: “2021 was our first year of operation and we have made great strides across the company in a number of areas. The foundational work done earlier in 2021 has paid off with several successful launches later in the year and promising interest seen in increasing NFT Fusion sales in the primary and secondary markets. We are delighted to start the new year with this positive news so as we seek to execute our business plan and opportunities in a robust NFT market. Technology development is a priority area, and we are committed to being at the forefront of responsible innovation in this exciting and evolving market of the property of art and collectibles. ”
More details on Coinllectibles ™ ️ MetaMall and its Fusion NFTs ™ ️ offerings can be found at https://coinllectibles.art.
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by words such as “anticipate”, “believe”, “might”, “estimate”, “expect”, “objective”, “Intend”, “look forward to”, “may”, “plan”, “potential”, “anticipate”, “plan”, “should”, “will”, “would” and similar expressions. These forward-looking statements may include, without limitation, statements regarding future business activities, including expansion into the decentralized financing space. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. Among the factors that could cause actual results to differ materially from those described or projected in this document are the uncertainties associated with operating a business in the future. Singapore and Hong Kong, risk of interference from the government of the PRC, competitive ability, that financial resources do not last as long as expected, and that COSG is a holding company which may not realize the expected benefits of NFTs offered by Coinllectibles ™ ️. A further list and description of these risks, uncertainties and other risks can be found in COSG’s regulatory documents with the United States Securities and Exchange Commission, including its current report on Form 8-K filed on September 17, 2021. Existing and potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. COSG assumes no obligation to update or revise any information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.
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About Cosmos Group Holdings Inc
Cosmos is a business group that operates in two business sectors:
- Arts and collectibles
Thanks to CoinllectiblesMT, the group provides authentication, assessment and certification (AVC), sale and purchase, hire-purchase, finance, custody, security and exhibition (CSE) services to buyers of art through traditional channels, as well as leveraging blockchain technology through the creation of non-fungible tokens (NFTs).
With approved subsidiaries under that of Hong Kong Money Lenders Ordinance, the group currently primarily provides unsecured personal loans to individuals, with a small portfolio of mortgages.
The group integrates the two sectors of activity by offering guaranteed financing services to potential buyers of works of art and collectibles in order to offer a unique experience of buying and financing works of art. and collectibles.
About the company – Coinllectibles™ ️
Coinllectibles ™ ️ is an Arts and Collectibles Technology (ACT) company, redefining the way the world views art and the ownership of collectibles in the digital age.
Their organized Fusion NFTs ™ ️ capture all independent rights, valuation and ownership of physical arts and collectibles, securely underpinned by smart contracts stored on the blockchain.
Coinllectibles ™ ️ Fusion NFTs ™ ️ connect the physical and virtual dimensions of the arts and collectibles marketplace, providing an enjoyable, seamless and frictionless experience for customers from all walks of life.
About Coinllectibles™ ️ NFT merger™ ️
Coinllectibles ™ ️ is proud of the Fusion NFT ™ ️ as an industry “Gold Standard”. Being a Gold Standard, a Fusion NFT contains the following on the Interplanetary File System (IPFS) – (1) a contract of sale and purchase reflecting the purchase, by the person who hits the Fusion NFT ™ ️, of the ‘underlying asset at fair value with all rights and restrictions clearly detailed, (2) deposit conditions governing rights of possession as long as the underlying asset remains with Coinllectibles ™ ️, (3) a deed of transfer reflecting the transfer of ownership of the underlying asset (as well as all rights and restrictions) by the assignor to the holder of the Merger NFT ™ ️, (4) title of ownership recorded in the description of the Merger NFT ™ ️ and (5) on unequivocal identification file of the underlying asset, the ownership of which is reflected in the title deed represented by the Fusion NFT ™ ️.
SOURCE Cosmos Group Holdings Inc.